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Cobalt News

By: ReutersUpdated 7 hours ago
The spotlight in the cobalt market has been fixed on electric vehicles but shrinking supply and robust demand from traditional sectors such as jet engine makers are helping fuel a price rally that shows no signs of fading. Cobalt in recent years has become synonymous with electric vehicles as it... →

By: Bloomberg23rd May 2018
A streaming deal for cobalt and nickel from a mine in Papua New Guinea may foreshadow other similar arrangements as producers look to capitalise on the battery-commodity boom to raise cash for investments.
On Tuesday, Cobalt 27 Capital – a Toronto-listed vehicle designed to invest in the metal –... →

By: Henry Lazenby23rd May 2018
Canadian cobalt company Cobalt 27 has created the world’s first cobalt/nickel streaming deal with ASX-listed Highlands Nickel on the Ramu mine, in Papua New Guinea (PNG). The two partners have signed a metal purchase and sale agreement (MPA) giving Cobalt 27 the right to buy 55% of Highlands... →

By: Bloomberg21st May 2018
A burgeoning risk of a supply crunch in cobalt – a key battery metal that’s more than tripled in price in two years – poses one of the biggest threats to forecasts for rising electric vehicle adoption. Major investment in mines is required to avoid price spikes that could see cost reductions for... →

By: Reuters21st May 2018
Uranium and key rechargeable battery metals lithium and cobalt are on a final list of 35 critical minerals that the US deems essential to its economic and national security and wants to produce more of domestically. The Department of Commerce will use the list, which was published by the Interior... →

By: Bloomberg18th May 2018
The UK’s white-collar crime prosecutor is preparing to open a formal bribery investigation into Glencore and its work with Israeli billionaire Dan Gertler and the leader of Democratic Republic of Congo (DRC), according to two people with knowledge of the matter. Investigators at the Serious Fraud... →

By: Reuters18th May 2018
Zimbabwe needs up to $11-billion to modernise its mines and boost production to maximum capacity over the next five years, the head of the country's Chamber of Mines said on Friday. Foreign investor interest in the southern African nation is growing after the fall of longtime leader Robert Mugabe... →

18th May 2018
The commodities markets have been taken aback by rising uncertainties, including an early February equity market sell-off and the trade conflict between the US and China. As the second quarter unfolds, some of these uncertainties should be easier to interpret, however, price volatility and... →

Photo by Bloomberg
GROWTH POSSIBILITY
Despite some market uncertainty, the global economy is expected to grow at its fastest pace since 2011

By: Reuters17th May 2018
China's Jinchuan Group International Resources plans to double its African copper and cobalt production in the next two to three years, its CEO said on Thursday. The company currently produces around 50 000 tonnes of copper and 5 000 tonnes of cobalt a year, Gao Tianpeng said at the LME Asia Week... →

By: Martin Creamer16th May 2018
The short spell of hope for South Africa’s beleaguered mining sector, which burst forth with the election of Cyril Ramaphosa as President, has been dashed, Shadow Mineral Resources Minister James Lorimer said during the mineral resources budget debate. Applying the ‘learning nothing and... →

By: Henry Lazenby11th May 2018
Canadian diversified miner Sherritt International is focused on further strengthening its balance sheet, with a view to building a “cycle-proof” balance sheet as Class I nickel and cobalt prices rise, president and CEO David Pathe tells Mining Weekly Online. Building on from the late... →

By: Anine Kilian11th May 2018
Technology and clean technology companies are increasingly struggling to secure adequate supplies of cobalt, while the ethical sourcing of cobalt also remains a challenge. The Democratic Republic of the Congo (DRC) provides about two-thirds of the world’s cobalt supplies, but traceability of... →

By: Martin Creamer10th May 2018
The gold mining industry is running the risk of becoming irrelevant to the investment community. “It hasn’t delivered much value for a long time,” Randgold Resources CEO Dr Mark Bristow commented to Mining Weekly Online during an interview to mark the company’s presentation of first-quarter... →

By: Bloomberg9th May 2018
The Democratic Republic of Congo’s Mines Ministry said it’s completing work on new regulations, as a draft document showed the government has so far ignored companies’ key concerns about the reforms. Miners including Glencore and Randgold Resources have demanded the government dial back aspects... →

By: Esmarie Swanepoel9th May 2018
ASX-listed Talga Resources has launched an internal restructure of its assets, which will see the establishment of a separate Swedish domiciled cobalt company.
The restructure will result in Talga’s Swedish cobalt assets, which are close to key emerging European battery markets, being separately... →

By: Bloomberg8th May 2018
A Democratic Republic of Congo court suspended proceedings by State-owned mining company Gecamines to dissolve a unit of Glencore until next month. The Commercial Court in Kolwezi, in southeastern Congo, ordered the suspension while it awaits a June 15 ruling by the Supreme Court on its... →

By: Henry Lazenby8th May 2018
The TSX-V-listed stock of Canadian explorer Namibia Rare Earths (NRE) on Monday jumped nearly 20% to C$0.335 a share following news that the company is gathering momentum with a planned exploration campaign over its early-stage Kunene cobalt/copper play, in Namibia’s northern desert. “We are in... →

By: Bloomberg5th May 2018
Cobalt bulls, keep calm. Despite what Tesla’s Elon Musk says, there may be no escaping a coming supply crunch as the auto industry hurtles into the era of electric vehicles.
Tesla’s dwindling reliance on cobalt was one of the topics that Musk did want to discuss in an otherwise awkward earnings... →

By: Reuters4th May 2018
Miner and commodities trader Glencore is embroiled in a legal tangle over its copper and cobalt operations in Democratic Republic of Congo, where conflict and changes to regulations have deterred many mining firms. US sanctions on Glencore's former Israeli partner in Congo have been a trigger for... →

By: Bloomberg2nd May 2018
Glencore’s clash with former partner Dan Gertler over unpaid royalties at a key Congolese copper mine deepened as the legal battle spread to a London court. The Swiss miner was on Tuesday granted a temporary injunction against the Israeli-billionaire after petitioning the London court to rule... →

By: Reuters2nd May 2018
Groupement du Terril de Lubumbashi Ltd. (GTL), a unit of Groupe Forrest, and Congo State miner Gecamines have resolved a dispute that has slowed work at their cobalt processing plant for months, the companies said in a joint statement on Wednesday. Under the terms of the deal, GTL will repair the... →

By: Reuters26th April 2018
Canada's First Cobalt, which has just bought another cobalt developer, is keen for more acquisitions to accelerate bringing on production to meet North American demand, a senior company official said.
Expectations of soaring demand for cobalt because of its use in electric vehicles has inspired... →

By: Henry Lazenby26th April 2018
Canadian diversified miner Sherritt International has reported a narrower first-quarter headline loss of C$14.7-million, or C$0.04 a share, compared with a loss of C$82.7-million, or C$0.28 a share, for the same period of 2017, mainly as higher metals prices made up for lower output. Sherritt... →

By: Henry Lazenby25th April 2018
A new report that fine-combed the national pollutant release and transfer registers (PRTRs) of Canada, the US and Mexico to explore pollutant data reported by industrial facilities, has pointed to the critical need to standardise the way information is collected across the three jurisdictions,... →

By: Reuters25th April 2018
German carmaker Daimler has joined the Responsible Cobalt Initiative, a programme established under a Chinese industry body to tackle risks in the cobalt supply chain arising from artisanal mining. Cobalt consumers are under pressure to ensure the material they use is not tainted by child labour... →

By: Henry Lazenby23rd April 2018
Preconstruction activities for eCobalt Solutions’ Idaho Cobalt Project (ICP) are ramping up with components for the water treatment plant starting to arrive on site, the company reported on Monday. The Vancouver-headquartered company has awarded contracts for the water treatment plant’s... →

By: Simone Liedtke20th April 2018
At least 12 lithium and six cobalt transactions have been closed between downstream manufacturers and mining companies since 2016, signalling a changing trend in procurement strategy. This, commodity research consultancy Roskill said in a statement on Friday, shows that the lithium-ion (Li-ion)... →

By: Rebecca Campbell20th April 2018
Worldwide, the mining industry has been recovering from the slump that started in 2012. “After a challenging 2013/14 when the prices of commodities plummeted across the board, 2016 and 2017 have seen resurging prices of aluminium, copper, zinc, nickel, lead, palladium, and more modestly in gold,”... →

By: Mariaan Webb19th April 2018
Plans are advancing for the separate listing of explorer Aura Energy’s Häggån polymetallic project, in Sweden, with completion targeted for the second half of the year.
The company would initially maintain an ownership of 70% to 80% in the vanadium initial public offering (IPO) spin-off, but... →

By: Henry Lazenby17th April 2018
Brazilian diversified miner Vale has reported its best first-quarter iron-ore sales ever despite production of the iron-making ingredient slipping somewhat during the three-month period. The company reported that output during the quarter ended March 31 slipped 4.9% year-on-year to 81.95-million... →

By: Henry Lazenby13th April 2018
The Resources for Future Generations conference (RFG2018) is scheduled to make its debut on the Canadian resource conference circuit between June 16 and 21, in Vancouver, and is shaping up to be an event unlike the myriad of competing forums held in Canada throughout the year. RFG2018 chairperson... →